Why a Debt Default May Not Be as Bad as It Seems for Investors
Today is day nine and counting of the U.S. government shutdown. At this point, of course, the bickering in Congress could magically stop and the politicians could hug and make up, ending the stalemate. However, I think the idea of the government coming to a resolution this soon is more fiction than reality.
My feeling continues to be that the government may finally solve the budget issue soon, but with the debt ceiling deadline on October 17, it’s likely to be a last-minute thing.
Continue Reading: Why a Debt Default May Not Be as Bad as It Seems for Investors